Government is attempting to cut number of regulars from 102,000 to 82,000 by 2018

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Esther McVey, the benefits minister, says rising earnings will help make up for cuts

100,000 more children to be plunged into poverty

That's the number from working families who will be affected by benefit cap, minister admits

Falling pound and VAT hit Safestore

The UK's biggest self-storage firm counted the cost of the Chancellor's Budget raid on the industry and a falling pound as it veered into the red.

Coalition 'will have increased taxes 300 times by 2015'

Taxes will have been increased almost 300 times by the coalition Government before its term of office ends in 2015, new research claimed today.

International Monetary Fund chief economist Olivier Blanchard (left) has some advice for the Chancellor George Osborne

Time for Plan B? Britain should ease austerity measures in Budget, IMF chief economist tells Osborne

Olivier Blanchard delivers 'time to take stock' message ahead of gloomy GDP figures expected tomorrow

More, deeper cuts ahead as economic woes mount

Cabinet ministers have been warned to prepare for further sweeping budget cuts extending to 2016 as new figures showed another leap in public sector borrowing.

Growth figures spark fears of a triple-dip Fears that UK faces a triple-dip recession

Performance in last quarter of 2012 suggests slower recovery than 1930s

UK's AAA credit rating 'still at risk'

Britain's prized AAA credit rating remains under “significant pressure”, the Fitch rating agency warned today.

Sir Mervyn King: The Governor of the Bank of England was warned in August 2007, a month before everyone else, that Northern Rock had serious problems, but did nothing to prevent the first run on a British bank in decades. He then 'panicked', according to angry MPs, yet stayed in his job and last year picked up a knighthood.

Bank of England boss Sir Mervyn King slates bank bonus tax move

Bank of England Governor Sir Mervyn King today said it would be “depressing” if bankers choose to defer their bonuses until after the introduction of the new 45p income tax rate.

Tories could enter next general election with 'transformation' manifesto

The Conservatives could go into the next general election with a plan to introduce regional benefits which would vary according to living costs around the country.

Top Tories fear a return to 'nasty party' image

Rhetoric about benefit "scroungers" and "skivers" used by the Conservatives will be toned down after a backlash from their own ministers and MPs, who fear the attacks could revive the Tories' image as "the nasty party".

Ignore the 50p tax rate grandstanding, its real effects are impossible to tell

The numbers we have simply don't stand up to scrutiny

Labour defends plans to deprive the long-term unemployed of benefits if they refuse to take job offer

Labour today defended its plans to deprive the long-term unemployed of their benefits if they refuse to take up the offer of a “guaranteed” job.

Treasury minister David Gauke has claimed it is morally wrong to pay tradesmen in cash

Odd job UK: booming black market economy is propping up jobs figures

The “jobs enigma” of 2012, that saw unemployment fall despite the gloomy economic outlook, is likely to continue next year, according to the Chartered Institute of Personnel and Development (CIPD).

Ten reasons why I hate Santa

1. He gave me an illuminated globe for Christmas when I was 11. Who gives an 11-year-old boy an illuminated globe? Why did I get that while Adam - who was a really nasty piece of work - got Reebok trainers and a Sega Mega Drive?

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